More than 30 Palm Beachers among Forbes list of billionaires

More than 30 of the world’s billionaires call Palm Beach home, some of whom made their wealth – and spent it – in real estate.

And while the majority of the Palm Beach’s billionaires saw their fortunes grow, a select few saw them shrink, including President Donald Trump (net worth: $3.5 billion), developer Stephen Ross (net worth: $7.4 billion) and Russian investor Dmitry Rybolovlev ($7.3 billion), according to the latest Forbes list of billionaires released on Monday, as reported by the Palm Beach Daily News.

Trump, who frequents his Mar-a-Lago estate on the weekends, saw his net worth fall by $1 billion, from 324th place in 2016 to 544th place this year. Ross, chairman and CEO of the Related Companies and owner of the Miami Dolphins, is about $400 million poorer since last year, according to Forbes. And Rybolovlev made real estate headlines twice, when he purchased Trump’s former Palm Beach estate or $95 million in 2008 and then when he moved to divide and flip those properties for more than $30 million apiece last year.